v2.4.0.6

RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2012

Related Party Transactions Tables

Related party payables

 The components of related party payables are summarized in the table below:

	June 30,				December 31,
	2012				2011
Note payable to related parties, bearing interest at 5.25%, secured by the common stock of the Company, due on October 31, 2012			351,870				426,870
Total		$	351,870			$	426,870

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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